Federal Reserve


Markets

The Fed Is Upside-Down on Inflation and That's a Big Risk

Economists say it’s hard to understand how the Fed will bring inflation down if the federal funds rate remains negative throughout the year, as shown in officials' own projections.

Jerome Powell, presidente de la Reserva Federal. (Valerie Plesch/Bloomberg via Getty Images)

Markets

DeFi Coins Outperform Bitcoin, Ether as Traders Pare Bets on Jumbo Fed Rate Hike

The outperformance of the DeFi coins could be fleeting, given the weak fundamentals.

Prominent DeFi coins take the lead as the crypto market remains resilient to inflation fears. (mibro/Pixabay)

Markets

Market Wrap: Bitcoin Surges as Fed Governor Talks Down 100 Basis Point Rate Hike

U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise.

(CoinDesk and Highcharts.com)

Policy

Former Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog

The Senate approved the appointment of Barr, an ex-Ripple adviser who served in Obama’s Treasury Dept., as the Fed’s new vice chair for supervision.

Michael Barr (Tasos Katopodis/Getty Images)

Opinion

The Fed Can't Whip Inflation Alone

The source of high U.S. inflation is pretty clear, and it doesn't have much to do with the money supply.

U.S. President Joe Biden speaks about gas prices on June 22 in Washington. (Drew Angerer/Getty Images)

Markets

US Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls

The new Consumer Price Index (CPI) reading keeps pressure on the U.S. central bank to further tighten monetary policy aggressively at its next meeting later in July.

Small Shrinking Currency Dollar in Inflation  (iStock)

Markets

Bitcoin's Inverse Correlation With Inflation-Adjusted Bond Yield Hits Record High

The real yield has surged by over 170 basis points this year, putting pressure on risk assets, including bitcoin.

Bitcoin is increasingly moving in the opposite direction to the inflation-adjusted bond yield. (Pixabay)

Policy

US Fed Vice Chairwoman Brainard Doesn’t Like What She’s Seeing in Crypto

Lael Brainard argued aggressive regulation is needed for the sector before things get out of hand.

CoinDesk placeholder image

Markets

US Job Growth Remains Historically Strong, Exceeding Economists' Expectations

The employment report will be a key data point for the Federal Reserve's next rate hike decision later this month.

(Helene Braun/CoinDesk)